Russia is considering the creation of a Bitcoin strategic reserve, a move that would position the country as a global leader in adopting cryptocurrency for national reserves. Anton Tkachev, a deputy in Russia’s State Duma, has urged the Minister of Finance, Anton Siluanov, to establish such a reserve, following a similar proposal from U.S. President-elect Donald Trump.
In his proposal, Tkachev argued that Bitcoin should be treated as a traditional reserve asset due to its decentralized and borderless nature, which makes it immune to sanctions. He emphasized that while traditional currencies face threats from inflation and external economic pressures, Bitcoin remains a secure store of value.
Tkachev also noted that Russia’s central bank has been preparing for the launch of a cross-border cryptocurrency payment system, suggesting that the infrastructure for a Bitcoin reserve is already in the works.
The push for a Bitcoin strategic reserve is gaining traction globally. In the U.S., Trump’s announcement at the Bitcoin Conference in July sparked widespread support, with many calling for legislation to establish a crypto-based national reserve. Similarly, in Poland, a presidential candidate has proposed adding Bitcoin to the country’s balance sheet. Suriname’s presidential candidate has also advocated for following El Salvador’s example by making Bitcoin legal tender and establishing a Bitcoin reserve.
If Russia’s government approves Tkachev’s proposal, it would become the first country to create a Bitcoin strategic reserve, potentially setting a precedent for others to follow.
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